Tony Hines takes a look back at some of the key moments from 2022. You can catch up with the detail by exploring some or all of the many episodes published in 2022. If you missed any now is the time to catch up.
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All things impacting global supply chains this week with Tony Hines
Demand for energy increases in Europe as cold spell takes hold.
War in Ukraine continues.
China may get back to normal in 2023.
Peak season -what peak season?
Manufacturing in the UK falls in 2022
Check out what has happened in US Tech sector jobs
Freight costs soften but what happens when China reopens for business
Chinese ports operating normally and zero COVID policy has ended
Sea lanes getting back to normal
All change at the top at Maersk
Vancouver auto show cancels
Volitality still impacting global supply chains
Will inflation fall in 2023
Are China suppliers less reliable and will that force businesses to shop elsewhere.
Germany's Due Diligence Act comes into force in January 2023.
80 per cent of firms in SW UK experienced supply chain difficulties – Brexit remains an issue for these firms – says a study by Barclays Bank Corporate
70 per cent of firms in Europe and the US have been forced to source goods elsewhere because of the war in Ukraine, Global Trade Difficulties and Brexit
Interest rates up in the UK and US this week – Inflation rates are lower but it is hoped that these new increases will dampen inflation further.
Bank of England rates at 14 year high 3.5%
Federal Reserve raised interest rates to 4.25-4.5%. In the US interest rates are at a fifteen year high.
Catch up with any episodes missed.
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Change is about learning. Learning to do something new is central to change. In supply chains we have to learn and adapt to change practices and processes. Opportunities and threats emerge from change and we have to be ready to grasp opportunities and limit threats. Risk has to be assessed when we want to take opportunities. If you source and procure products and services you will know that risk is introduced through change. You have to know the facts. You need data that are both quantitative and qualitative. Asking questions is necessary to understand change. It is part of the process to change.
Listening to learn is necessary. We need dialogues with people who can contribute to change or inform us of their experiences that may be relevant and helpful to make change smooth.
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Every leader in every organizations has reached their level of incompetence according to the Peter Principle. Leaders rising up the ranks eventually reach a level at which they have no experience. There are many types of leader. This is why trait theories do not stand up to scrutiny. Some leaders are charismatic, some are competent, others are not. There is no single model of a leader. Leaders must listen, learn and act. Leaders have to motivate people. Leaders have to set strategy in motion. Leaders have to be ready, willing and able.
Understanding people is necessary.
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Tony Hines speaks to Mario Paganini, VP Marketing at Stord to learn how supply chains are meeting the challenges of peak season. Stord is a fast-growing business building customer centric supply chains. “Stord untangles and centralizes your supply chain in a single dashboard, so you can focus on what matters.”
Well it was my pleasure to talk to Mario Paganini this week about the peak season and we had a much wider ranging discussion about all things happening in supply chains and if you want to find out something about supply chains and listen to what Stord are doing to make that customer centric supply chain of the future a reality then stay tuned. So, let's get to it hi Mario great to see you today it's really good to have you on the chain reaction podcast I'm sure we're going to have a great discussion and I'd like to hear what Stord are doing to make this peak season work and of course to develop that supply chain of the future. So perhaps you could introduce yourself and tell us what's going on at Stord. Mario Yeah thanks so much for having me Tony always fun when I get to chat about something that I am passionate about and it also is at least a little bit self-serving hopefully the insights we chat through are relevant to all listeners and not just a Stord sales pitch but you know absolutely excited to chat about what we're doing here in Stord and kind of how some of the logistics companies, retailers, commerce companies out there can hopefully more smoothly navigate this upcoming and really at this point ongoing peak season.
I’m Mario Paganini I run the marketing team over at Stord prior to that had a very similar role running marketing for another e-commerce focused company called Shippo there in the multi carrier parcel space they have technology that integrates all of the different parcel carriers everyone from the big three down through several of these smaller regional carriers that are serving specific niches such that you as a shipper you as a 3PL can integrate to one partner and get access to all the different carriers you need so certainly a very useful tool especially as we think about diversifying here throughout the peak season but more poignant today Stord. I joined Stord coming upon a couple of years ago and I still really vividly remember some of the first conversations that I had with Sean and Jacob the Co-founders of Stord you know when I first connected with them I kind of looked at Stord and said oh you know seems like a good company but you know they are just one of many third party logistics companies and I'm sure as you’ve seen you know they are a dime a dozen there's a bunch of large incumbent players that have been doing this for a really long time and doing it really well there's you know more than a few start up players that are emerging in the space trying to take on that SMV digitally native direct to consumer brand and then there's a slew of legitimately thousands of small businesses local 3 pl's across the country so I kinda remember myself thinking oh you know is this really like you know a space that I want to be in. There's certainly a lot of value but you know how do you differentiate it. How can Stord drive an outsized return that the average 3PL can't and that was really my scepticism when originally chatting with Sean and Jacob but I vividly remember the first couple of conversations that we had because I walked away from them with such a stark level of excitement and a strong understanding of how Stord is attacking these problems that were seen in the Omni channel commerce based differently. So, that is Stord in a nutshell and what really is the special sauce that we have that I think really sets us apart from many others.
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